| Metric | Q3 2021 | Q2 2021 | Q3 2020 | QoQ Change | YoY Change |
|---|---|---|---|---|---|
| Revenue | $639M | $626M | $618M | 2.1% | 3.4% |
| Op. Income | $280M | $230M | $62M | 21.7% | 351.6% |
| Gross Margin | 86.4% | 85.6% | 83.3% | 0.8pp | 3.1pp |
| Net Margin | 27.9% | 10.2% | 460.4% | 17.6pp | -432.5pp |
| EPS (Diluted) | $0.30 | $0.11 | $4.40 | 172.7% | -93.2% |
| Free Cash Flow | $291M | -$115M | $389M | 353.0% | -25.2% |
| Item | Amount |
|---|---|
| REVENUE | $639M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $552M |
| R&D Expenses | $71M |
| Selling & Marketing | $140M |
| General & Administrative | $42M |
| SG&A Expenses | $182M |
| Other Expenses | $19M |
| Operating Expenses | $272M |
| Cost & Expenses | $359M |
| OPERATING INCOME | $280M |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $253M |
| Income Tax Expense | $80M |
| Net Income from Continuing Ops | $173M |
| Net Income from Discontinued Ops | $5M |
| Other Adjustments | $0 |
| NET INCOME | $178M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $178M |
| D&A | $28M |
| EBIT | $285M |
| EBITDA | $313M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| REVENUE | $639M |
| Cost of Revenue | $87M |
| GROSS PROFIT | $552M |
| R&D Expenses | $71M |
| Selling & Marketing | $140M |
| General & Administrative | $42M |
| SG&A Expenses | $182M |
| Other Expenses | $19M |
| Operating Expenses | $272M |
| Cost & Expenses | $359M |
| OPERATING INCOME | $280M |
| Interest Income | $0 |
| Interest Expense | $32M |
| Other Income/Expenses | -$27M |
| INCOME BEFORE TAX | $253M |
| Income Tax Expense | $80M |
| Net Income from Continuing Ops | $173M |
| Net Income from Discontinued Ops | $5M |
| Other Adjustments | $0 |
| NET INCOME | $178M |
| Net Income Deductions | $0 |
| BOTTOM LINE NET INCOME | $178M |
| D&A | $28M |
| EBIT | $285M |
| EBITDA | $313M |
| EPS | $0 |
| EPS Diluted | $0 |
| Item | Amount |
|---|---|
| Net Income | $178M |
| Depreciation & Amortization | $28M |
| Stock-Based Compensation | $21M |
| Deferred Income Tax | $17M |
| Other Non-Cash Items | $22M |
| Change in Working Capital | $27M |
| OPERATING CASH FLOW | $293M |
| Capital Expenditure | -$2M |
| Acquisitions (Net) | $79M |
| Purchases of Investments | -$79M |
| Sales/Maturities of Investments | $13M |
| Other Investing Activities | -$4M |
| NET CASH FROM INVESTING | $7M |
| Net Debt Issuance | $0 |
| Common Stock Repurchased | -$133M |
| Common Dividends Paid | -$113M |
| Other Financing Activities | -$21M |
| NET CASH FROM FINANCING | -$267M |
| FREE CASH FLOW | $291M |
| Net Change in Cash | $37M |
| Item | Amount |
|---|---|
| Cash & Equivalents | $1.0B |
| Short-Term Investments | $27M |
| Net Receivables | $243M |
| Inventory | $0 |
| Other Current Assets | $442M |
| TOTAL CURRENT ASSETS | $1.8B |
| PP&E (Net) | $150M |
| Goodwill | $2.6B |
| Intangible Assets | $999M |
| Long-Term Investments | $188M |
| Tax Assets | $428M |
| Other Non-Current Assets | $138M |
| TOTAL NON-CURRENT ASSETS | $4.5B |
| TOTAL ASSETS | $6.4B |
| Account Payables | $67M |
| Short-Term Debt | $87M |
| Deferred Revenue | $1.1B |
| Other Current Liabilities | $387M |
| TOTAL CURRENT LIABILITIES | $1.8B |
| Long-Term Debt | $3.5B |
| Deferred Revenue NC | $45M |
| Deferred Tax Liabilities | $201M |
| Other Non-Current Liabilities | $1.2B |
| TOTAL NON-CURRENT LIABILITIES | $5.0B |
| TOTAL LIABILITIES | $6.8B |
| Common Stock | $2.4B |
| Additional Paid-In Capital | $0 |
| Retained Earnings | -$3.0B |
| Treasury Stock | $0 |
| Accum. Other Comp. Income | $58M |
| Other Equity | $0 |
| TOTAL STOCKHOLDERS' EQUITY | -$492M |
| Minority Interest | $0 |
| TOTAL EQUITY | -$492M |
| TOTAL LIABILITIES & EQUITY | $6.4B |
| Total Debt | $3.7B |
| Net Debt | $2.7B |
